Tricor Pacific & Redic Developments have applied to the District of North Vancouver for a rezoning and OCP amendment to redevelop seven single-family lots in the Lynn Creek area of North Vancouver on Mountain Highway and Oxford Street, next door to Lynn Creek Apartments, completed in 2018.

The OCP designates the subject site as “Residential Level 6” (RES6) which
envisions medium-rise apartments at a density of up to approximately 2.5 FSR. The application proposes a higher density which will require the OCP amendment.

The plan for the 33,000 SF site is to build a new 6-storey rental building that includes:

• 140 rental units;
• 134 market rentals;
• 6 non-market rentals;
• 16 studios, 55 one-bedrooms, 64 two-bedrooms & 5 three-bedrooms;
• a total density of 2.69 FAR;
• 101 parking spaces on one underground level.

The architect for the project is Yamamoto Architecture.

A City of Vancouver report going to Council next week seeks approval for the annual inflationary rate adjustment to DCL’s and CAC’s.

The target DCL and CAC rates are adjusted annually to keep pace with changes in property values and construction costs.

The proposed adjustment for 2021 is a decrease of 0.8%; the first decrease since the annual inflationary index was developed by the City in 2011.

Here are the new proposed rates:

The new target rates will become effective September 2020.

The report also recommends proceeding with the final phase-in of the Vancouver Utilities DCL rate for high-density residential development on
the east side that was approved by Council in July 2018, and the adjustments of the Little Mountain and Southeast False Creek CAC Targets that were approved by Council with the updated CAC Policy in January 2020.

The new target rates for these areas are as follows:

Little Mountain Adjacent: The Little Mountain Adjacent CAC Target will be increased from its current level of $29.88 per sq.ft. to $47.00 per sq.ft.
Southeast False Creek: The CAC Target in Southeast False Creek (SEFC) will be increased from its current level of $16.78 per sq.ft. to $67.00 per sq.ft.

Wave Developments has applied to the City of Vancouver for permission to develop on a 19,724 SF site at East 2nd and Scotia.

The proposal is for a new 9-storey mixed residential and commercial use building, consisting of:

• Manufacturing, Brewing and Distilling Use at Level 1 & 2;
• Ground floor restaurant/retail space;
• Gym & office space on level 2;
• Market rental units on levels 3-7;
• Office space on levels 8-9;
• 66 parking stalls on two levels of underground parking;
• A building height of 102 ft.;
• A total density of 4.0 FSR.

Under the site’s existing IC-3 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is Studio Balcaen Kwan.

The full development application can be viewed here: https://development.vancouver.ca/pc315-319e2nd/index.htm

A rezoning application has been submitted to the City of Vancouver for a 19,000 SF site at 1405 E 15th Avenue and 3071-3047 Maddams St in East Vancouver. The site is located along Knight Street, just West of Clark park and is an assembly of four single family lots.

The proposal is to allow for the development of 6-storey market rental building that includes:

• 79 rental units;
• 51 studios, 20 two-bedrooms & 8 three/four bedrooms;
• A total density of 2.58 FSR;
• A maximum height of 68.2 ft.;
• 24 vehicle parking spaces and 135 bike parking spaces.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy(External link).

The architect for the project is Stuart Howard Architects.

Applications have been submitted to the City of New Westminster in order to rezone a site at 909-915 Twelfth Street, at the corner of Twelfth and London Streets at the edge of the Moody Park Neighbourhood. The 13,000 SF combined site is currently older single storey commercial buildings.

The proposal for the site is a 5-storey condo building that includes:

• 40 condo units;
• 2 studios, 14 one-bedrooms, 18 two-bedrooms & 6 three-bedrooms;
• a total density of 2.50 FAR;
• a building height of 64 ft.;
• 61 underground parking spaces.
• purchase of a portion of the City-owned lane.

The architect for the project is Vivid Green Architecture.

The site was assembled in 2017 for $4,460,000 or $136 per buildable SF based on the application.